Imperial Oil Ltd (IMO) Given Average Rating of “Hold” by Analysts
Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) has received an average rating of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$43.82.
Several research analysts have weighed in on IMO shares. National Bank Financial lowered their target price on shares of Imperial Oil from C$40.00 to C$36.00 in a research report on Thursday, August 3rd. TD Securities lowered their target price on shares of Imperial Oil from C$44.00 to C$43.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd. CIBC lowered shares of Imperial Oil from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from C$50.00 to C$45.00 in a research report on Wednesday, May 24th. Royal Bank Of Canada lowered their target price on shares of Imperial Oil from C$41.00 to C$40.00 and set a “sector perform” rating on the stock in a research report on Friday, August 4th. Finally, AltaCorp Capital lowered shares of Imperial Oil from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, August 23rd.
Shares of Imperial Oil (IMO) traded down 0.08% on Friday, reaching $37.28. 489,978 shares of the company were exchanged. The company has a market capitalization of $31.48 billion and a P/E ratio of 11.72. Imperial Oil has a 52-week low of $35.15 and a 52-week high of $48.72. The stock has a 50 day moving average of $36.61 and a 200-day moving average of $38.87.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Sunday, October 1st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Wednesday, August 30th.
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In other Imperial Oil news, insider Jonathan Wetmore sold 5,282 shares of the company’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of C$36.68, for a total value of C$193,743.76.
About Imperial Oil
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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